Balance of 1500 on cc? Interest per mo?

[Deleted member 4644]

If you have a balance of 1500 and dont pay it off, how much interest will you get a month?

 

[necine]

depends on ur interest rate.

 

[Deleted member 4644]

Lets say around 15%

 

[KK]

about $20 bucks

 

[Slew Foot]

1500 x.15=225

225/12= 18.75

Or something close to that.

 

[FelixDeCat]

$1500 x 18% = $270 per annum

$270 / 365 = .739 per diem

On May 1st interest due is $22.19. The CC Co will probably require 3% of the balance as payment or $45.

$45.00 - 22.19 = $22.81 to principal, ending balance will be $1477.19.